Homes for sale - 1401 2nd AVENUE W, Prince Albert, SK S6V 5B3

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Jess Nakrayko

jessnakrayko@gmail.com +1(306) 321-6951

$735,000

Est. payment - /mo

6,781 SqFt

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UPDATED:

11/08/2024 09:52 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,781 sqft

Price per Sqft $108

MLS Listing ID SK983698

Originating Board Saskatchewan

Year Built 1989

Annual Tax Amount $23,824

Tax Year 2024

Lot Size 0.474 Acres

Acres 0.4743113

Property Description

Prime commercial property in the heart of Prince Albert. Located on one of the city’s busiest streets, this high-traffic location benefits from 20,000 vehicles passing daily and 90 feet of prime frontage, ensuring exceptional visibility. The property features a substantial 6,781 square foot building set on a 20,661 square foot lot, providing generous space and flexibility to suit a variety of business needs. Each side of the building is equipped with its own recently-installed HVAC system and multi-stall restrooms, allowing for seamless conversion into multiple units for increased income potential. The property includes a fully-equipped commercial kitchen, a spacious seating area, and a functional bar, making it ideal for hospitality ventures. Additionally, the large, paved parking lot provides ample customer parking and potential for further expansion or development, enhancing the property's value and functionality. With a current gross income of $84,000 per year, the property is occupied by a tenant on a year-to-year lease, renewing in February. Additionally, the tenant’s business is listed for sale, presenting a unique opportunity to acquire both the property and the existing business, facilitating a smooth transition for new ownership. This high-traffic, high-growth location delivers outstanding potential for a range of commercial uses, positioning it as a compelling investment opportunity.

Location

Province SK

Community Midtown

Interior

Heating Roof Top H/Vac

Cooling Roof Top H/Vac

Exterior

Amenities Available Onsite Parking, Wheelchair Access, Highway Frontage

Building

Structure Type Concrete

Others

Ownership Freehold

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Listed by RE/MAX P.A. Realty

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+1(306) 321-6951

jessnakrayko@gmail.com

1401 2nd AVENUE W Prince Albert, SK S6V 5B3